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K–12 Standards

Agricultural Economics (2021-)

Other Nebraska CTE sets

Analyze the connection between economic principles and the overall economy at the local, state, national, and global levels.AFNR.HS.5.1

  • a

    Describe agricultural economics and the foundational concepts of micro- and macroeconomics.AFNR.HS.5.1.a

  • b

    Describe the differences and similarities between micro- and macroeconomics.AFNR.HS.5.1.b

  • c

    Recognize the impact of governments on economic policies and Practices related to Agriculture, Food and Natural Resources (AFNR).AFNR.HS.5.1.c

  • d

    Investigate the relationship between various cultural traditions and local, state, national, and global agricultural economies.AFNR.HS.5.1.d

Analyze the relationship between micro- and macroeconomics.AFNR.HS.5.2

  • a

    List the production functions within micro- and macroeconomic systems.AFNR.HS.5.2.a

  • b

    Distinguish labor and capital inputs in agricultural economics.AFNR.HS.5.2.b

  • c

    Analyze the impact of governmental agencies on agricultural economics through trade policies, production programs, and other opportunities such as low-interest loans, educational programs, and other types of support.AFNR.HS.5.2.c

  • d

    Describe gross domestic product (GDP).AFNR.HS.5.2.d

Evaluate economic systems and their impact on supply and demand, markets, and production cycles.AFNR.HS.5.3

  • a

    Describe the traditional economy and its place in modern economies.AFNR.HS.5.3.a

  • b

    Explain the command economy and its benefits and drawbacks within the agricultural economy.AFNR.HS.5.3.b

  • c

    Define the market economy and its key features.AFNR.HS.5.3.c

  • d

    Identify a mixed economy and its advantages and disadvantages.AFNR.HS.5.3.d

Critique the process of price determination in a competitive market.AFNR.HS.5.4

  • a

    State the influence of supply and demand concepts in marketing, trading, and price determination.AFNR.HS.5.4.a

  • b

    Identify the importance of utility and price elasticity in agricultural production cycles.AFNR.HS.5.4.b

  • c

    Relate the influence of supply and demand shifts to the production and pricing of agricultural commodities.AFNR.HS.5.4.c

Interpret US agricultural trade policies and exchange rates.AFNR.HS.5.5

  • a

    Identify agricultural trade and measure its growth, instability, and future trends.AFNR.HS.5.5.a

  • b

    Describe trade restrictions and impact of trade agreements on US agriculture.AFNR.HS.5.5.b

  • c

    Determine the impact of the exchange rates to determine the impact of agricultural trade on the GDP.AFNR.HS.5.5.c

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What grade levels do these standards cover?
Grade 9, Grade 10, Grade 11, and Grade 12

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